Germany’s 10-year government bond yield jumped toward 2.8%, its highest since late March, while 30-year borrowing costs reached levels not seen since 2011, reflecting rising fiscal concerns across Europe. Germany’s medium-term finance plan projects roughly €500 billion in net new borrowing through 2029 to fund increased infrastructure and defense spending. In France, worries over the nation’s debt burden are a key factor behind the prime minister’s confidence vote scheduled for September 8. Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above both market expectations and the ECB’s 2% target, reinforcing expectations that the central bank will keep interest rates unchanged at next week’s meeting.